Image: Economy Middle EastStock market today: Nasdaq rises 0.90 percent, KOSPI jumps 7 percent and FTSE 100 gains 0.30 percent on softer U.S. inflation
β’ Global stock markets rallied, with the Nasdaq rising 0.90%, the KOSPI jumping 7%, and the FTSE 100 gaining 0.30% following cooler U.S. inflation data. β’ The rally was driven by reduced fears of Federal Reserve rate hikes and expectations for further economic support due to soft domestic demand. β’ Regional gains included India's Nifty 50 (+0.57% to 24,188.50) and the BSE Sensex (+0.68% to 77,577.94), though Taiwan's benchmark fell 1.42% to 44,737.95.
economymiddleeast.com


